wireline logs indicate oil: drill testing now, page-3

Examples of flow rates in the Murta formation: 372 BBLs/day

Mirage-1 (cased and suspended; PEL 115). Drilled by Victoria Oil Exploration (operator), Permian Oil Pty Ltd, Springfield Oil and Gas Pty Ltd, Entek Energy Ltd and Tacnas Pty Ltd in November-December 2004. Victoria Petroleum announced 6 m of net oil pay and a total oil column of 17 m in the Murta Formation following a review of DST results, logs and sidewall cores. The well flowed clean oil at a rate of 59.1 kL/d (372 bopd) during the 'clean up' production test phase, with extended production testing planned for mid March 2005.